Presentation on theme: "Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas."— Presentation transcript:
Media 101 Taylor Made Media
Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas Terminology
Steps in Media Planning and Buying
Steps in a Media Campaign Define objectives. Nail down your strategy. Consider all options available. Gather and analyze research. Negotiate with suppliers. Execute/book. Campaign maintenance. Post buy analysis.
Media Objectives What are you trying to accomplish with your advertising ? Examples Utilize media that will generate brand or product awareness. Provide the frequency of message required to increase phone calls or web visits. Utilize media that enhances brand image by association. Stimulate immediate action.
Media Strategy How are you going to accomplish it? Components of strategy Target Audience Coverage Area Timing Reach / Frequency Objectives Media Habits Research Media Mix
Media Strategy Target Audiences Consumer examples Age range: Adults 25-54, with children Household Income: $75,000 plus per year Trade examples Doctors Builders Lawyers
Media Strategy Coverage Area Define your market area. Be realistic! Examples: British Columbia Lower Mainland and Vancouver Island - primary Okanagan/Cariboo/Kootenays – secondary English Canada All markets Northern California San Francisco Bay Area
Media Strategy Timing Example January – December 2013 Primary:March – May Secondary:September - November
Media Strategy Reach The unduplicated reach of the defined target population. Reach takes into consideration your coverage area and your media selection. The coverage area you define. With media selection, the more you spread your dollars the broader the reach. However is it effective reach? Media selection should be based on the mediums ability to cover your defined geographic area with limited waste. It is always better to convince 10% of the audience 100% of the way, than to convince 100% of the audience 10% of the way.
Media Strategy Frequency of Message Frequency takes into consideration the number of times an individual is exposed to your message. You can build frequency with consistency in media selection and creative message. For budgetary reasons this often means focusing on a specific geographic area and a few well targeted media vehicles. Remember that the stronger the frequency of message, the quicker the response. The average consumer needs 4 exposures before the message registers with them, and studies show that after 7 exposures they will take action.
Media Strategy Frequency Builders Multiple insertions in the same publication. Consistent schedule week to week, or month to month within any medium. Multiple spots in one show. Tightened rotations Tue-Thu versus Mon-Fri, or 4 – 7 pm versus 4 – Midnight. Multiple spots weekly on the radio, or a timed sponsorship.
Media Strategy Media Habits Research Research is used to determine the media habits of the target group and support media recommendations. Useful research studies include: PMB BBM Comscore Nadbank / Combase
Media Strategy Available Research PMB provides extensive media habits data including: Television Number of days watch Types of programs watch Specialty channels watch Dayparts watch Avg. number of hours watch Radio Number of days listen Station formats listen to Program types listen to Avg. number of hours listen
Media Strategy Available Research PMB provides extensive media habits data including: Outdoor How many kms drive per week Transit usage Newspaper Number of issues read Section read Weekday versus weekend reading Internet Hours per week Website categories accessed Online shopping habits
Media Strategy Available Research PMB provides extensive demographic/psychographic data including: Age Sex Marital status # of people in household Children in household Head of household Language Ethnicity City, Province Community size Employment status Occupation Income (HHI and PYI) Education Home ownership and value of home Principal income earner Principal grocery shopper Events expect to happen in next year, have happened in past year (i.e. retirement)
Media Strategy Available Research PMB provides extensive category data including: Personal care Health care, remedies Automotive Travel Business Financial Real estate, home improvements Household appliances, furniture Baby, Childrens products Apparel, misc. products Home electronics, PCs Leisure, restaurants, tobacco Candy, snacks Beverages Alcohol Groceries Household products, pets
Media Strategy Media Mix This is where you determine which media makes sense for you. Based on your objectives, budget and strategy, which will deliver results? You are setting a boundary around the types of media you will consider. So if outdoors is not in the mix, you can take that medium off your plate and inform any suppliers that approach you, that outdoors is not a consideration.
Media Strategy Combining Media - Look for a balance. Magazines with a higher frequency medium Radio, Outdoor Radio with a visual medium TV, Print, Outdoor Outdoor with a more detailed medium Print, Radio, TV Online with a visual or mass reach medium Print, Outdoor, TV, Radio
Rationale The Media Rationale provides an explanation of why each medium makes sense based on the stated objectives and strategy. How does each medium and vehicle fulfill the objective and fit with the strategy? This is provided by your TMM Media Strategist upon presentation of the media plan.
Campaign Maintenance Keep on top of the campaign once its booked! Makegoods – ensure equal or greater value for any media that is pre-empted Monitor placement of print ads –always strive for the best possible placement within the pages of the newspaper or magazine for our clients. Invoice discrepancies – get these items cleared up ASAP to ensure accountability. Adjustments based on client feedback – be prepared to fine tune the campaign. Updated audience data – always monitor the audience data as it is released to ensure the media deliver what was purchased.
Post Buy Analysis Example: Client X Spring 2013 TV Campaign Planned Spend:$197,127 Actual Spend:$197,127 Value Received:$293,955 – 149% achieved + Bonus Spots:$120,975 Total Value:$414,930 – 210% achieved Planned Spots:399 Actual Spots:399 – 100% achieved + Bonus Spots:59 Total Spots:458 – 115% achieved